Shares of First Community Co. (NASDAQ:FCCO) have earned a consensus broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating. First Community’s rating score has declined by 79.6% from 90 days ago as a result of a number of analysts’ ratings changes.
Brokerages have set a 12-month consensus price target of $24.00 for the company and are anticipating that the company will post $0.31 EPS for the current quarter, according to Zacks. Zacks has also given First Community an industry rank of 115 out of 265 based on the ratings given to related companies.
FCCO has been the subject of a number of research analyst reports. Zacks Investment Research downgraded First Community from a “hold” rating to a “sell” rating in a research report on Tuesday, February 27th. FIG Partners downgraded First Community from an “outperform” rating to a “market-perform” rating in a research report on Monday, January 22nd.
First Community (NASDAQ:FCCO) last issued its quarterly earnings results on Wednesday, January 17th. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The business had revenue of $10.65 million for the quarter, compared to the consensus estimate of $10.69 million. First Community had a net margin of 13.91% and a return on equity of 8.73%. sell-side analysts forecast that First Community will post 1.38 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 1st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.77%. This is a boost from First Community’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Wednesday, January 31st. First Community’s dividend payout ratio (DPR) is currently 47.06%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new position in shares of First Community during the 4th quarter valued at about $240,000. Deutsche Bank AG raised its holdings in shares of First Community by 44.8% during the 4th quarter. Deutsche Bank AG now owns 10,825 shares of the bank’s stock valued at $244,000 after buying an additional 3,350 shares in the last quarter. Millennium Management LLC purchased a new position in shares of First Community during the 4th quarter valued at about $245,000. Wells Fargo & Company MN raised its holdings in shares of First Community by 528.5% during the 4th quarter. Wells Fargo & Company MN now owns 13,809 shares of the bank’s stock valued at $313,000 after buying an additional 11,612 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of First Community during the 4th quarter valued at about $348,000. 41.14% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY WARNING: “Zacks: First Community Co. (FCCO) Given Consensus Recommendation of “Hold” by Analysts” was first posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3257161/zacks-first-community-co-fcco-given-consensus-recommendation-of-hold-by-analysts.html.
First Community Company Profile
First Community Corporation is a bank holding company for First Community Bank (the Bank). The Bank offers commercial and retail banking services to small-to-medium sized businesses, professional concerns and individuals, primarily in Richland, Lexington, Kershaw and Newberry Counties of South Carolina and the surrounding areas.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for First Community Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Community and related companies with MarketBeat.com's FREE daily email newsletter.